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detroit council woman joanne watson asked for bailout for the cash-strapped city. the president heading there. >> ofourse not if you want to look up cronyism, and wikipedia, this is cronyism in live television. it's blatant. if she feels so blatant she can feel it this way, who are the people not on mv saying texts and messages, dear mr. president, if we bring home the bacon you'll bring home the bacon to us? this is an unfortunate exmple of the realities of this type of political process. >> brenda: well, jonas, didn't michigan, didn't detroit already get a bailout. >> yes, it was called the auto bailout. and before the election, unformer. two admistrations that d that. everyone wants a bailout and the president's going to get your votes one way or the other. question is coming up more broadly, right now new jersey and an other of states getting a huge one bause it was a cast catastrophe. >> and if it's beyond your control and-- >> the case is we ved for you, we get bailout. >> and on the other side, detroit is in a mui-decade collapse that is beyond the scope, it
detroit council woman joanne watson asked for bailout for the cash-strapped city. the president heading there. >> ofourse not if you want to look up cronyism, and wikipedia, this is cronyism in live television. it's blatant. if she feels so blatant she can feel it this way, who are the people not on mv saying texts and messages, dear mr. president, if we bring home the bacon you'll bring home the bacon to us? this is an unfortunate exmple of the realities of this type of political...
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we will have the city council on the show tonight. in the back of my head, when i heard her say that, what a shocking statement this was, they already gave you a bailout. you had a bailout once. we filled out the auto companies, which is the detroit area. tracy: we voted for you because we want a bailout. somehow the vote equated to more money, more mmney, more money. gerri: i agree with you. speak that you will talk about this tonight at 6:00 p.m. and 9:00 p.m. gerri: yes. we have governor mary fallon on, as well. ashley: gerri, thank you. president morsy supporters. very aware of what is going on in egypt. corey, thank you for joining us. you have president morsi, the muslim brotherhood, and then on the other side you have the liberal parties, youth groups and large sectors of the public not happy with what is going on. who, ultimately when? >> i do not think it is yet clear. i think they are really worried about president morici sweeping it. that is more what the protests are about right now. ashley: what is the biggest danger, tha
we will have the city council on the show tonight. in the back of my head, when i heard her say that, what a shocking statement this was, they already gave you a bailout. you had a bailout once. we filled out the auto companies, which is the detroit area. tracy: we voted for you because we want a bailout. somehow the vote equated to more money, more mmney, more money. gerri: i agree with you. speak that you will talk about this tonight at 6:00 p.m. and 9:00 p.m. gerri: yes. we have governor...
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>> >> driving and eating, hey, the a city i south dakota fine people eating behind the wheel. >> charles, you say it has to go? >> pretty soon we'll be fined for driving while driving. and it's a way to get money, ridiculs. >> neil: this is one town that won'tee cavuto passing through soon. thank you. ben, what do you thinof it? >> cooking while driving. (laughter) and i think setting the table while driving. but eating potato chips, pop corner, peanuts? that's illegal? that's insane. >> neil: i was trying to reason this out, dagen, becaus just seemed like-- you can't use your cell phone in a lot of states now because it's a huge distracting. >> and texting. >> so, maybe thas the next step. >> i don't have a problem with this, actually, if they need to raise money-- >> get skinny. >> and you show up and you don't have-- >> and fat people have a problem with it. >> and you don't have potato chip crus on your lap, ben, when you arrive to see who you're seeing and don't have a sticky steering wheel, i'm done. >> neil: i'm not going to touch that. >> the sticky steering wheel? >> gasperino?
>> >> driving and eating, hey, the a city i south dakota fine people eating behind the wheel. >> charles, you say it has to go? >> pretty soon we'll be fined for driving while driving. and it's a way to get money, ridiculs. >> neil: this is one town that won'tee cavuto passing through soon. thank you. ben, what do you thinof it? >> cooking while driving. (laughter) and i think setting the table while driving. but eating potato chips, pop corner, peanuts?...
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does the city council -- does the city management have it under control? have you guys just lost control? >> we certainly have it lost control. we have it under control. but we have our issues. but we are not falling off into the detroit river. the community is doing well. the business community, the corporate community and the city of detroit. we don't have any vacancies for new young people that are trying to move into the downtown area. certainly municipal governance is broken. we have to become a better partner with our business community to fix some of the ills of detroit. but we know what the solutions are. we know what the problems are. we have, as political leaders, the political will to make the tough decisions to write the financial ship and become a better partner to help the corporate business community of detroit. gerri: if you are doing such a good job, why have you lost 25% of your population over the past decade? i will repeat that because i know you have technical issues. but we couldn't help but notice in researching the story that the ci
does the city council -- does the city management have it under control? have you guys just lost control? >> we certainly have it lost control. we have it under control. but we have our issues. but we are not falling off into the detroit river. the community is doing well. the business community, the corporate community and the city of detroit. we don't have any vacancies for new young people that are trying to move into the downtown area. certainly municipal governance is broken. we have...
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only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. ti price rewind. start saving at citi.com/pricerewind. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gavisn®. can i still ship a gift in time r christmas? yeah, sure you ca great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. i'll send you back to bulls and bears, more headlines just 30 minutes away. >> we showed you the votes. now show us the money. >> our people in an overelmingly supported the reelection of this president and there ought to be a quid pro quo a ought to exercise leadership on that.
only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. ti price rewind. start saving at citi.com/pricerewind. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid...
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size of the city bye the bulldozing abandon the properties. could you really, i mean thats an interesti idea. could you really do that? what would it te? is it legal? and how would itp? >> well,e have a lot of prooerty the city has taken in. they're paying no taxes. it is just basically vacant property. and i know there are businessmen that have offered come in and help, rhaps put agriculture in the area. something to pay a few taxes. so far the city council says no. melissa: so why would bullzing it and making the citymaller, are you taing out bulldozing land n one owns it? i guess i don't understand the details of that? >> a lot of pperty has gone back to the city for lack of paying taxes. we simply have vacant buildings. even a few burned out homes. and so it is time toake the city safer by getting rid of those vacant homes. melissa: if you had toet, what wld you bet is really going to happen here? >> well, right now i think it will drag outor a while. we're all hoping the cit council comes to their senses. nobody wants to see a bankruptcy.
size of the city bye the bulldozing abandon the properties. could you really, i mean thats an interesti idea. could you really do that? what would it te? is it legal? and how would itp? >> well,e have a lot of prooerty the city has taken in. they're paying no taxes. it is just basically vacant property. and i know there are businessmen that have offered come in and help, rhaps put agriculture in the area. something to pay a few taxes. so far the city council says no. melissa: so why would...
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so far the city council says no. melissa: so why would bulldozing it and making the city smaller, are you talking about bulldozing land no one owns it? i guess i don't understand the details of that? >> a lot of property has gone back to the city for lack of paying taxes. we simply have vacant buildings. even a few burned out homes. and so it is time to make the city safer by getting rid of those vacant homes. melissa: if you had to bet, what would you bet is really going to happen here? >> well, right now i think it will drag out for a while. we're all hoping the city council comes to their senses. nobody wants to see a bankruptcy. if that happens, vultures come in and they will pick up all the jewels of city. cobo hall. we have belle isle. i hope it doesn't ever happen but we have the detroit institute of arts down there. and who knows what would be purchased, what would be gone forever. melissa: i don't know. vultures by an investor might be a good solution. give us an update as more happens. a fascinating story.
so far the city council says no. melissa: so why would bulldozing it and making the city smaller, are you talking about bulldozing land no one owns it? i guess i don't understand the details of that? >> a lot of property has gone back to the city for lack of paying taxes. we simply have vacant buildings. even a few burned out homes. and so it is time to make the city safer by getting rid of those vacant homes. melissa: if you had to bet, what would you bet is really going to happen here?...
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the greatest manufacturing city in the world at the time, and it peaked. they have been democrat ever since. they have fallen off a cliff. 40% of the street lights don't work. 33% -- they spent 33% more than they take in. 47% of the people there are functional illiterates. and number two highest violent crime rate of any middle to large-sized city in the country. so you've got a couple things here. you have chosen a path. you said you know what? we like the idea that the democrats are giving to us and you have gone down this path for 50 years and you have nothing to show for it but despair. a bailout is not going to solve your problem. think about what you are doing when you go to vote. would a bailout be a gift, with someone saying straighten your life out now. stuart: i agree with you. this is surely a larger picture here. if detroit wants it and appeals to the president to get some money because they voted for the president, what about california? what about illinois? what about any other of the states which voted overwhelmingly for president obama and
the greatest manufacturing city in the world at the time, and it peaked. they have been democrat ever since. they have fallen off a cliff. 40% of the street lights don't work. 33% -- they spent 33% more than they take in. 47% of the people there are functional illiterates. and number two highest violent crime rate of any middle to large-sized city in the country. so you've got a couple things here. you have chosen a path. you said you know what? we like the idea that the democrats are giving to...
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the city a federal bailout. her reasoning is rather direct. detroit overwhelmingly supported the president's re-election so she says the president should, obviously, return the favor. here is councilwoman watson saying just exacy that in a city council meeting yesterday. >> after the election of jimmy carter, alexander young, he went to washington, d.c.. he came back home with bacon. >> that's right. i remember that. >> that's what you do. that's what you do. this is a -- our people in an overwhelming way supported the re-election of the president, and there ought to be a quid pro quo. lou: detroit facing a budget deficit of more than $200 million and could be out of money by the end of the year. a california teachers union taking class warfare to two extremes. the california federation of @%achers producing and releasing an eight-minute long video on the website this week advocates higher taxes on the rich and to drive home their point, they show a wlthy 1% urinating on the 99 #%. these are teachers, mind you.
the city a federal bailout. her reasoning is rather direct. detroit overwhelmingly supported the president's re-election so she says the president should, obviously, return the favor. here is councilwoman watson saying just exacy that in a city council meeting yesterday. >> after the election of jimmy carter, alexander young, he went to washington, d.c.. he came back home with bacon. >> that's right. i remember that. >> that's what you do. that's what you do. this is a -- our...
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$17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis, risks, charges and expenses. ad and consider itarefully bere investing. ri includes possible ss of principal. lou: new reports show foreign investment is helping the housing market slowly recover. citimortgage president and ceo sanjiv das joins us here in just moments to discuss that and much more when it comes to housing. in the money line tonight, investors waiting cautiously to see whether washington can work out a deal to avoid the fiscal cliff. stocks rising, well, modestly is a big, strong word for what happened. technology stocks helping the dow up 15 points. the s&p up a fraction, the
$17 trillion is riding on the answer. the president and ceo of citi mortgage joins us next. twins. i dn't see them coming. i have obligations. cute obligation b obligatio. i need to rethink the core of my portfolio. what i really need is eep. introducing the ishares core, budinglos for the heart of your portfolio. find out why 9 out of 10 ilarge professisional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectis,...
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remember, a city council woman last week said the city deserves a federal bailout because the city helped reelect the president. >> after the election of jimmy carter, the honorable coleman alexander young, he went to washington d.c., and came back home with some bacon. stuart: well, you heard the rest from there. the lady goes on to say it's a quid pro quo give us the monny because we voted for you. the question, will the president offer any hint of a bailout, bailout help for deeroit today. will he address union anger at michigan's right to work legislation? this goes to the heart of government spending and the position of organized labor in president obama's second term. we're right there in michigan. let's go to facebook. weigh in on what's happening there. will detroit get a bailout and what do you think about the unions? will they win? good questions all. now, one of the worst blowouts in nfl history. seattle seahawks beat arizona cardinals 58-0. the cardinals threw four interceptions fumbled four times and gained 154 yards and seattle undefeated at home and then there's this. the n
remember, a city council woman last week said the city deserves a federal bailout because the city helped reelect the president. >> after the election of jimmy carter, the honorable coleman alexander young, he went to washington d.c., and came back home with some bacon. stuart: well, you heard the rest from there. the lady goes on to say it's a quid pro quo give us the monny because we voted for you. the question, will the president offer any hint of a bailout, bailout help for deeroit...
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the lowest, $3.01 a share and missouri is the only city, only place, rather, where we found major cities with the average price under $3. again, the star is st. louis, at 298. let's get back to apple, losing its cool, maybe. and mark is still with us, the editor in chief of laptop magazine. all right. i want to talk about-- let's see, this is the microsoft surface tablet, all right. >> yes. stuart: now, is this a threat to apple's dominance of the tablet market and apple's dominance of cool? do you like this thing? >> in the short-term i don't think it's a threat, but there are some things that surface has especially for workers that the ipad doesn't, one of the things off the bat you'll notice this has a smart cover, sort of like the ipad, but this one has a deboard built in and you see on the back, this little kick stand in the design, lets you prop it it up. lets you use it as a mini laptop. stuart: do you guys in high-tech like this thing, acceptable, a real player in the tablet market from microsoft. >> yes. it's a qualified yes because it has potential, when you think about it this
the lowest, $3.01 a share and missouri is the only city, only place, rather, where we found major cities with the average price under $3. again, the star is st. louis, at 298. let's get back to apple, losing its cool, maybe. and mark is still with us, the editor in chief of laptop magazine. all right. i want to talk about-- let's see, this is the microsoft surface tablet, all right. >> yes. stuart: now, is this a threat to apple's dominance of the tablet market and apple's dominance of...
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in a city on the verge of bankruptcy, can't pay any of their bills. where the spenders ou outweigh e people. it will be dissolved into the county. he is out there drumming up support. what difference does it make, shouldn't they be sitting at a table trying to figure out what to do? >> the president still thinks the campaign is going on. to be truthful i think he really believes he can go to the people and get republicans to roll over and surrender. i don't think a negotiating tactic if you want a deal everybody can walk away from the table happy with i think the republicans i talk to them they say we dealt with tim geithner and the president, they want a surrender, not a deal. there's a lot of ill will that come between these two parties that annoys republicans the president keeps going out on the campaign trail rather than doing what you suggested, striking a deal. lori: how will that make or break a situation making it better or worse, how does that play in and our deep spending cuts even a good thing with the economy so close to contraction? >> cu
in a city on the verge of bankruptcy, can't pay any of their bills. where the spenders ou outweigh e people. it will be dissolved into the county. he is out there drumming up support. what difference does it make, shouldn't they be sitting at a table trying to figure out what to do? >> the president still thinks the campaign is going on. to be truthful i think he really believes he can go to the people and get republicans to roll over and surrender. i don't think a negotiating tactic if...
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new york city water is the best of the world. new york city water comes from streams which passed through my property in upstate new york. the water is pristine. dole's bill that coffee. that's $9. >> i'm going to do 30 his today. and need to be well decaffeinated. stuart: said he had one of those $7 cuffe's? aha. >> not yet. stuart: legalize pot. a great show today. people lighting up without fear of punishment. he joins the company. lamar states joined kara and washington? will federal agents moved in and make arrests? that's coming up in just a few minutes. i think we have all of the fiscal cliff to death. fiscal could fatigue. fed up with tooling politicians. the holidays are upon us. so i am going to pass judgment on something entirely different. i'm going off the financial reservation. here is my take on tattoos. i hate them. i am contentious of them. they don't decorate the human body, the pilot. those judges should jump on the bandwagon are at best misguided. do you really think the 20 years from now you will still love s
new york city water is the best of the world. new york city water comes from streams which passed through my property in upstate new york. the water is pristine. dole's bill that coffee. that's $9. >> i'm going to do 30 his today. and need to be well decaffeinated. stuart: said he had one of those $7 cuffe's? aha. >> not yet. stuart: legalize pot. a great show today. people lighting up without fear of punishment. he joins the company. lamar states joined kara and washington? will...
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home prices in the 20 city index grew 4.3% from a year ago. chicago, new york were the only two cities with negative returns and october. starbucks urging washington to come together on the fiscal cliff. literally. the ceo is building employees that all d.c. area employees should write things on the cops. they want to serve as a rallying cry. of course, that is also a marketing ploy. you can get there from here and faster than ever. service begins today on the world's fastest high-speed rail line. in china, of course, that here. it runs from beijing to southern china. it tops out at 186 miles per hour. compare that to amtrak, they travel at top speeds of 125-150 miles per hour. but that is rare. 150, when, show me, amtrak. commodities are having a very bumpy ride. taking a look at oil. something we do not like to see if you drive a car. jeff flock has a very latest on this. jeff: a slow day at the cme. this is the euro dollar option pits. though oil. is very active. let's put up wti to start with. up over two dollars, up over $90 right now. ju
home prices in the 20 city index grew 4.3% from a year ago. chicago, new york were the only two cities with negative returns and october. starbucks urging washington to come together on the fiscal cliff. literally. the ceo is building employees that all d.c. area employees should write things on the cops. they want to serve as a rallying cry. of course, that is also a marketing ploy. you can get there from here and faster than ever. service begins today on the world's fastest high-speed rail...
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you can move out of the city. you can change the process and get involved in the same way -- stuart: i understand point. [talking over each other] stuart: voting to make michigan a right to work state. that is the democratic process. that is what is happening here. >> these people on lawfully legally expressing their opinion today. we have a mess on our hands. stuart: let me throw this that you. in the last ten years the employment level, the number of jobs in right to work states has gone up 10%. the employment level in non right to work states like michigan has gone 1%. don't you think there's something to be said for being right to work in terms of getting more jobs to your state? good jobs at a toyota or honda? >> there is no more pro-business mayor in the state or the country but i can tell you as you know as a business reporter there tweet types of lies, lies, damn lies and statistics. i didn't make that up but i can show you statistics the other way that taps 6 of the top ten states in unemployment, six of
you can move out of the city. you can change the process and get involved in the same way -- stuart: i understand point. [talking over each other] stuart: voting to make michigan a right to work state. that is the democratic process. that is what is happening here. >> these people on lawfully legally expressing their opinion today. we have a mess on our hands. stuart: let me throw this that you. in the last ten years the employment level, the number of jobs in right to work states has...
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you have members of the city council saying the president needs to bail us out. they used that language. i think it is veryytelling where he went today. connell: all right, steve, it is very good to see you. dagen: a new report by the u.s. intelligence reveals china will have the world's largest economy by 2030. the councils global trend report takes into account factors such as localization and the environment. europe, japan and russia are also expected to continue to decline. connell: a matter of time, as they say. this fox business exclusive, we will talk about the war on business. it was a record year for anti-trust funds. dagen: the sanctions against iran. if this policy will change anything over there. the state of the economy and why it matters to you and this, the cost of crude oil. take a look at it. more than $86 a barrel. stubbornly high. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life side down. >> hi. >> hi. you know, i can save you % today if you open up a charge card account with us. >> you just read my
you have members of the city council saying the president needs to bail us out. they used that language. i think it is veryytelling where he went today. connell: all right, steve, it is very good to see you. dagen: a new report by the u.s. intelligence reveals china will have the world's largest economy by 2030. the councils global trend report takes into account factors such as localization and the environment. europe, japan and russia are also expected to continue to decline. connell: a...